India to Use ETFs to Sell State Shares Again

NEW DELHI—India plans to raise money this year by selling more shares in state-owned companies directly to an exchange-traded fund.

India plans to raise $10 billion this fiscal year through selling stakes in state-run companies. Part of that will come through selling shares directly to an ETF, a revenue-boosting method that was used last fiscal year to help the country meet its revenue targets, savi Mathur, disinvestment secretary,...